83 Park EdgeBerkeley HeightsNJ07922
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Berkeley Heights at 83 Park Edge, Berkeley Heights, NJ, 07922 priced at $511,000 converts $4,544/mo rent into $902/mo cash flow after a $2,501/mo obligation. Total monthly income equals $4,544/mo, and annual cash flow totals $10,821/yr on $168,119 invested. Return on cash invested prints 26.5% in year one, and rental yield reads 10.67% against a $511,000 entry. Equity gained on principal adds $3,297/yr, while 5% annual appreciation compiles into $141,180 by year five. Five-year ROI reaches 139.38% and total cumulative return in cash sums $234,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,544/mo property income covering a $2,501/mo payment, not borrower’s personal income.
Condo
Built in 1994
150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Nearby investment properties with comparable prices
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